Title
Westberg, John A., The Applicable Law Issue in International Business Transactions with Governmental Parties - Rulings of the Iran-United States Claims Tribunal, 2 ICSID Rev.-FILR 1987, at 486 et seq.
Content
487

Thus the applicable general principle in Oil Field of Texas was that where a de facto succession to rights and obligations takes place, the surviving entity is under an obligation to pay appropriate compensation to creditors of the company that had ceased to exist.

[Set out in detail.]

Referring Principles
Trans-Lex Principle: X.3 - Liability in case of corporate de-facto successions
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